NEW YORK–(BUSINESS WIRE)–#abbformulae–Helbiz, Inc. (“Helbiz”), an intra-urban transportation solution that allows users to instantly rent electric scooters directly from the Helbiz mobile app, today announced its participation at the 2019 New York City E-Prix racing event in Red Hook, Brooklyn for the season finale of the ABB FIA Formula E Championship.

As a pop-up addition to the “New Yorkers on Track” experience, Helbiz will be offering attendees the chance to ride their electric scooters on Sunday, July 14 from 9:55-10:55am EDT. The company will have a fleet of e-scooters available, along with helmets. Interested attendees should visit the Helbiz tent to participate.

“We are excited to allow New Yorkers to test drive our electric scooters on the closed racetrack of this exhilarating event that is dedicated to promoting eco-friendly transportation solutions,” said Salvatore Palella, CEO and founder of Helbiz. “This will be the first time that Helbiz e-scooters will be on the ground in America, ahead of launching our first market here, and on the heels of our tremendous momentum across Europe. We are proud to be an American company and also Italy’s dominant market leader. We are working hard to solve the first- and last-mile transportation challenges of high-traffic urban areas.”

Helbiz Around the World

Headquartered in New York City, Helbiz has a strategic footprint in growing markets with offices in New York City, Milan, Madrid, Belgrade and Singapore, with additional operational teams around the world. The Company currently has e-scooters operating in Milan and Malaga, with pilot programs in Italy in Rome, Turin, Florence and Pisa; as well as pilot programs in Spain in Madrid, Marbella, Vitoria-Gasteiz and Palma de Mallorca. Notably, Helbiz is the established market leader in Italy, with national scale, local expertise, as well as a prime position for continued expansion given the recent approval of electronic scooter use nationwide by the Italy’s Minister of Transportation, Danilo Toninelli. The Company also has pilot programs underway in Portugal, Greece, France, Singapore and Georgia. Helbiz hopes to further expand the e-scooter business internationally, as well as enhance its business lines to compete in the broader scooter-sharing and micromobility industries.

Helbiz created HelbizGO, a dockless intra-urban transportation solution directly integrated into the Helbiz platform. Once a user downloads the Helbiz app from the Google Play Store or the Apple App Store, they are able to instantly geolocate, rent and unlock electric scooters directly from their phones, and simply leave the scooter curbside when finished. Built for the sharing economy and for small, intracity trips, Helbiz scooters feature on-board connectivity and are affordable and easy to use. The Company’s proprietary software and hardware is integrated into the scooters to maximize vehicle life, minimize operational costs and potentially improve safety. Helbiz utilizes artificial intelligence and environmental mapping to enhance its customized fleet management platform and to optimize operations and profitability. The Company constantly monitors the platform and captures the anonymized data of all rides, riders, scooters, and personnel with advanced analytics. This data is then used to properly deploy, monitor and reposition the fleet to meet demand in different areas throughout each day and subsequently maximize ridership and scooter utilization.

Helbiz intends to file an Initial Public Offering on NASDAQ. Helbiz intends to dual list on the AIM Italia exchange, a multilateral trading facility organized and managed by Borsa Italiana S.p.A. Individuals, other than residents of Italy or of any jurisdiction where is unlawful to do so, interested in learning more about the Helbiz IPO investment opportunity can register an indication of interest by visiting https://banq.co/helbiz. In case of dual listing on AIM Italia, the relevant offering would be addressed to qualified investors and to other investors falling within the public offering’s express exemptions in Italy and institutional investors in other countries outside the United States (excluding Canada, Japan and Australia).

About Helbiz

Headquartered in New York City and founded in 2016 by Italian serial entrepreneur Salvatore Palella, Helbiz is an intra-urban transportation company with a mission to solve the first- and last-mile transportation problem of high-traffic urban areas around the world. The Company has a strategic footprint in growing markets with offices in New York City, Milan, Madrid, Belgrade and Singapore, with additional operational teams around the world. Helbiz’s innovative flagship HelbizGO electric scooter service is fully operational in Italy and Spain, with pilot programs underway in Portugal, France, Greece, Singapore, and Georgia, and was built for the sharing economy and for a healthier planet. Designed for small trips, HelbizGO electric scooters are affordable and easy to use, plus they offer users a convenient way to reduce their carbon footprint. The Helbiz app is available via the Google Play Store and the Apple App Store. For more information, please visit www.helbiz.com.

Legal Disclaimer

The Company is “Testing the Waters” under Regulation A under the Securities Act of 1933. The Company is not under any obligation to make an offering under Regulation A. No money or other consideration is being solicited in connection with the information provided, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until an offering statement on Form 1-A has been filed and until the offering statement is qualified pursuant to Regulation A of the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any person’s indication of interest involves no obligation or commitment of any kind. The information in that offering statement will be more complete than the information the Company is providing now, and could differ materially. You must read the documents filed. No offer to sell the securities or solicitation of an offer to buy the securities is being made in any state where such offer or sale is not permitted under the “blue sky” or securities laws thereof. No offering is being made to individual investors in any state unless and until the offering has been registered in that state or an exemption from registration exists therein. The securities offered using Regulation A are highly speculative and involve significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue. Some issuers may intend to list its securities on a national exchange and doing so entails significant ongoing corporate obligations including, but not limited to, disclosure, filing and notification requirements, as well as compliance with applicable continued quantitative and qualitative listing standards. Under no circumstances shall this announcement constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of shares in Italy or, in any jurisdiction in which such offer, solicitation or sale would be unlawful. In case of dual listing on AIM Italia, the relevant offering would be addressed to qualified investors and to other investors falling within the public offering’s express exemptions in Italy and institutional investors in other countries outside the United States (excluding Canada, Japan and Australia). It may be unlawful to distribute this announcement in certain jurisdictions.